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Progress through the pandemic: 4Q and full year 2020 results

Release date:
2 February 2021
It’s been a tough year for the world and for bp. Read our key facts and figures for the story behind bp’s latest quarterly and end-of-year results

“2020 will forever be remembered for the pain and sadness caused by Covid. Lives were lost – livelihoods destroyed. Our sector was hit hard as well. It was also a pivotal year for the company. We launched a net zero ambition and set a new strategy to become an integrated energy company. We strengthened our finances – taking out costs and closing major divestments. I appreciate our team’s commitment and am grateful for the support we received from investors and the communities where we work. We expect much better days ahead for all of us in 2021.”
Bernard Looney

Bernard Looney, chief executive officer

“The Southern Gas Corridor is an absolute demonstration of what bp means when it talks about performing while transforming. This project is changing the dynamic of the world’s gas supply while we continue to show how we can plan and execute large, complex, challenging projects.”
Gordon Birrell

Gordon Birrell, EVP of production & operations

“I’m proud of what our team has delivered during an exceptionally tough year – including keeping our shops and forecourts open to help people when it mattered most. As well as providing the changing services and experiences customers wanted, we continued to build strong and innovative partnerships. And we’ll unlock further growth by continuing to put the customer at the heart of everything we do.”
Emma Delany

Emma Delaney, EVP of customers & products

Retail business supports communities through the pandemic

“Our low carbon electricity and energy portfolio continues to expand and integrate. Our strategic partnership with Equinor marks a bold entrance into the offshore wind sector; our gas business is continuing to produce and deliver secure supplies across the value chain; and Lightsource bp continues its global expansion.” 
Dev Sanyal

Dev Sanyal, EVP of gas & low carbon energy

One of our low carbon partnerships – Finite Carbon 

“We are taking the next steps in our partnerships with cities, and collaborating with corporates in industrial sectors that currently have significant carbon emissions to manage.”
William Lin

William Lin, EVP of regions, cities & solutions

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